Hydro One Ltd (H) Stock Price & News - Google Finance (2024)

FAQs

Is Hydro One a good stock to buy now? ›

Hydro One Limited has 4.73% upside potential, based on the analysts' average price target. Hydro One Limited has a conensus rating of Hold which is based on 0 buy ratings, 8 hold ratings and 0 sell ratings. The average price target for Hydro One Limited is C$39.63.

In January 2018 the Ontario government announced it had sold over 14 million shares of Hydro One to OFN Power Holdings, a partnership controlled by 129 First Nations around the province. The shares represented 2.4% of outstanding common shares, reducing the government's stake in the company to approximately 47.4%.

Hydro One has a market cap or net worth of 22.81 billion as of April 12, 2024.

Electricity is produced at nuclear, fossil fuel, gas and hydroelectric generating stations and at wind generation or other industrial facilities throughout the Province of Ontario.

The image below, which you can click on for greater detail, shows that at September 2023 Hydro One had debt of CA$15.4b, up from CA$14.5b in one year. Net debt is about the same, since the it doesn't have much cash.

H Stock Forecast FAQ

Hyatt Hotels Corp has 7.93% upside potential, based on the analysts' average price target. Is H a Buy, Sell or Hold? Hyatt Hotels Corp has a conensus rating of Moderate Buy which is based on 6 buy ratings, 7 hold ratings and 0 sell ratings.

Revenue totalled $1.98 billion, up from $1.86 billion in the fourth quarter of 2022, while revenue net of purchased power totalled $989 million, up from $967 million.

Hydro One holds a monopoly on the supply of electricity to millions of customers who have no alternative but to rely on their services for this essential commodity.

David Lebeter was appointed President and CEO of Hydro One Limited in January 2023. Mr.

With the Electricity Act, 1998, Ontario Hydro was broken up into five entities. Ontario Power Generation (OPG) took over all the generating activities of Ontario Hydro. Hydro One took over all the transmission and rural distribution activities of Ontario Hydro.

Is Toronto Hydro and Hydro One the same? ›

Hydro One — which owns 30,000 kilometres of transmission lines across 98% of Ontario — supplies electricity to Toronto Hydro. Electricity distribution. Toronto Hydro is responsible for the last step of the journey: distributing electricity to residential, commercial and industrial customers in Toronto.

Electricity is called “Hydro” by many Canadians, which is a short-form for hydro-electricity. That's because most of the electricity generated is by using hydro dams.

Hydro One Today

Today the utility operates a fleet of eight helicopters including four Airbus Helicopters' AS350 B2's and three AS350 B3's.

Humans have been harnessing the energy of river currents for centuries, using water wheels spun by rivers initially to process grains and cloth. Today, hydropower provides about 16 percent of the world's electricity, generating power in all but two U.S. states.

Hydro One's Sustainable Financing Framework

In 2021, Hydro One committed to net-zero emissions by 2050, as well as a 30 per cent reduction in greenhouse gas emissions by 2030.

Analysts expect Hydro One to increase adjusted earnings from $1.81 per share in 2023 to $1.9 per share in 2024. In the next five years, its earnings are forecast to expand by 5.8% annually. So, priced at 21.8 times forward earnings, Hydro One might seem expensive.

Based on our forecasts, a long-term increase is expected, the "HYDR" stock price prognosis for 2029-04-20 is 32.296 USD. With a 5-year investment, the revenue is expected to be around +525.89%. Your current $100 investment may be up to $625.89 in 2029.